Decline In Coal Imports

India's coal imports drop over 4 pc to 148 million in Apr-Oct period

India's coal imports dropped 4.2 per cent to 148.13 Million Tonnes (MT) in the April-October period of the ongoing financial year. The country's coal imports were 154.72 MT in the corresponding period of the previous fiscal. During the April-October period, non-coking coal imports were 94.53 MT, lower than 104.41 MT imported during the same period last year, according to the data of mjunction services ltd, a B2B e-commerce company. Coking coal imports were at 33.74 MT during the first seven months of the ongoing financial year, slightly up against 32.74 MT in the year-ago period. Imports in October stood at roughly 23.59 MT as against 19.04 MT in October last fiscal, as per the data. Of the total imports in October, inbound shipments of non-coking coal stood at 16.88 MT, against 11.69 MT imported in October last year. Coking coal imports stood at 4.31 MT, against 4.69 MT imported in October last financial year. "There was an increase in volumes as the buyers took fresh positions

Coal imports down 12% in Aug to 18.26 mn amid rise in domestic availability

India's coal imports declined 12.08 per cent to 18.26 million tonnes (MT) in August this year over the corresponding month of the previous fiscal. The country's import of fossil fuel stood at 20.77 MT in August last year. Overall coal imports during April to August also declined by 10.3 per cent to 103.93 MT, over 115.93 MT in the year-ago period, according to data compiled by mjunction services ltd. mjunction services ltd is a leading B2B e-commerce firm. Of the total imports in August, non-coking coal import was at 10.52 MT as against 13.85 MT a year ago. Coking coal import was at 4.62 MT, same as the volume reported in August of FY23. "There is a substantial drop in non-coking coal import (till August 2023) to the tune of around 20 MT. This has resulted from the increased domestic availability, which has gone up by around 10 per cent. We expect this trend to continue unless there is a sudden spurt in demand and significant softening in seaborne prices," mjunction MD & CEO ...

Decline in coal imports may continue due to domestic production push: Fitch

Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying by consumers

As coal imports fall, major ports chalk out new strategies

Except Kolkata and New Mangalore ports, all other major ones witnessed a significant fall in thermal coal imports in the period under review

Decline in coal imports to hurt long-term returns of ports: Icra

A continuous decline in coal volume growth at major ports could be cause of concern over the long-term in absence of diversification into other cargoes, rating agency ICRA said today."Overall volume growth at major ports has stood at meagre three percent during April-August period as coal volumes recorded 12 percent decline in the period under review even as iron ore volumes picked up 29 percent," K. Ravichandran, senior vice-president and group head, corporate ratings at ICRA was quoted as saying. "The continuing decline in coal volumes, at a more rapid rate, as compared to the previous periods, is a concern over the long term for the port sector since many ports and terminals have significant dependence on coal imports. A prolonged decline in coal import requirement in the absence of diversification into other cargo categories will impact the returns for such port sector players," he said.Cargo throughput at Indian ports registered a 5.7 percent growth to 1,133 MT during FY2017 as ..